Beyond mandatory privatization: pensions policy options for developing countries
Consideration of the social welfare, financial system and institutional implications for DCs of the current, World Bank-led, trend towards systemic old-age pension reforms based on an expanded role for mandatory private provision indicates the desirability of reform alternatives. The wider policy lessons which DCs can take from the experiences of systemic pension reforms already enacted in developing and transition economies are found to be, at best, ambiguous and, at worst, problematic. Alternative policy proposals for DC and transition economy governments considering implementing mandatory defined contribution pension funds within parameters set largely by the Bank's 'agenda' are suggested. These envisage the retention of state provision as their primary element in order to ensure that pension systems continue to pursue their essential welfare functions. Finally, policy recommendations designed to secure universality in retirement provision on a social assistance basis are presented for those LDCs currently outwith the parameters of the systemic pension reform debate. Copyright © 2000 John Wiley & Sons, Ltd.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 12 (2000)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www3.interscience.wiley.com/journal/5102/home|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Prof. Dr. Robert Holzmann, 1994. "Funded and Private Pensions for Eastern European Countries in Transition?," Public Economics 9405004, EconWPA.
- András Simonovits, 2000. "Partial privatization of a pension system: lessons from Hungary," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(4), pages 519-529.
- G. Heinrich, 1997. "Pension Reforms in Central and Eastern Europe: Yet Another Transition...?," CERT Discussion Papers 9705, Centre for Economic Reform and Transformation, Heriot Watt University.
When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:12:y:2000:i:4:p:483-494. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.